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Friedrich Schneider

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    • January 2015
      Source: Friedrich Schneider
      Uploaded by: Knoema
      Accessed On: 18 October, 2016
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      The calculation of the size and development of the shadow economy is done with the MIMIC (Multiple Indicators and Multiple Courses) estimation procedure. Using the MIMIC estimation procedure one gets only relative values and one needs other methods like the currency demand approach or the income discrepancy method, to calibrate the MIMIC values into absolute ones. The calculated values for 2014 are projections for some countries, for 2015 they are projections for all countries, based on the forecasts of the official figures (GDP, unemployment, etc.) of these countries.